The Ministry of External Affairs (MEA) announced that four ships carrying LPG have reached India after crossing the Strait of Hormuz. MEA spokesperson Randhir Jaiswal emphasized India’s commitment to securing energy supplies for its 1.4 billion people and maintaining global market dynamics. The strategic significance of the Strait of Hormuz, a crucial oil transit route, has been highlighted amid ongoing tensions in West Asia.
India’s energy sourcing strategy, focused on meeting the needs of its vast population, remains a priority. The government assures that there is no shortage of petrol, diesel, or LPG across the country, with retail outlets well-stocked and operational without disruptions. Despite global challenges, India’s petroleum supply situation is stable, with domestic availability assured as the fourth largest refiner and fifth largest exporter of petroleum products worldwide.
Addressing concerns about misinformation and panic buying, the government refuted claims of energy emergencies and rationing, emphasizing that India’s reserves are sufficient. The country’s crude oil procurement for the next 60 days has been secured, ensuring continued operations at full capacity for all refineries. India’s total reserve capacity stands at 74 days, with current stocks covering approximately 60 days, including strategic storage in caverns.
